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Overview

Plan Information

  • Plan Year01/01/2009 — 12/31/2009
  • Date of Plan12/16/2006
  • Net Assets as of 12/31/2009 $6,941,799
  • Plan Number2
  • Plan Type Single Employer
  • Is the plan collectively bargained? No
  • Did the plan file for an extension of time or the DFVC Program?Yes
  • Plan Funding ArrangementInsurance Trust
  • Plan Benefit ArrangementInsurance Trust

Participant Information as of 12/31/2009

  • Active (Eligible) Participants106
  • Retired or separated participants receiving benefits4
  • Other retired or separated participants entitled to future benefits49
  • Subtotal159
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits0
  • Total159
  • Total number of participants as of 01/01/2009182
  • Number of participants with account balances0
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested0

Expenses

  • Total Benefit Payments$0
  • Corrective Distributions$0
  • Administrative Service Providers$0
  • Other Expenses$0
  • Total Expenses$0
  • Total Transfers$0

Sponsor Information

  • Address4651 Charlotte Park Drive, Ste. 440
  • CityCharlotte
  • StateNC
  • Zip28217
  • Telephone(704) 529-3115
  • EIN01-0780018
  • Industry Code531390
  • Named AdministratorKathleen D. Rupar

Plan Administrator Information

  • Administrator NameO.R. Colan Group, LLC
  • Address4651 Charlotte Park Drive, Ste. 440
  • CityCharlotte
  • StateNC
  • Zip28217
  • Telephone(704) 529-3115
  • Administrator EIN01-0780018

Audit Information

  • Audit StatusAudited
  • AuditorBarnes & Associates, CPAS, Pa
  • Auditor EIN59-1744054
  • Audit Opinion Disclaimer
  • Audit TypeLimited Scope Audit

Benefits Provided Under the Plan

Code Benefit Description
2E Profit-sharing A defined contribution plan that allows employer discretionary contributions. These plans often contain a 401(k) feature.
2F ERISA section 404(c) Plan This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
2G Total participant-directed account plan Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J Code section 401(k) feature A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
2K Code section 401(m) arrangement Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contributions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
2R Brokerage Window Participant-directed brokerage accounts provided as an investment option under the plan.
3D Master plan A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion letter; and for which a single funding medium (for example, a trust or custodial account) is established for the joint use of all adopting employers.

Questions and Answers

Question Answer Amount
During the plan year did the employer fail to transmit to the plan any participant contributions within the time period described in 29 CFT 2510.3-102? No
Were any loans by the plan or fixed income obligations due the plan in default as of the close of plan year or classified during the year as uncollectible? Disregard participant loans secured by participant's account balance. No
Were any leases to which the plan was a party in default or classified during the year as uncollectible? No
Were there any nonexempt transactions with any party-in-interest? No
Was this plan covered by a fidelity bond? Yes $500,000
Did the plan have a loss, whether or not reimbursed by the plan's fidelity bond, that was caused by fraud or dishonesty? No
Did the plan hold any assets whose current value was neither readily determinable on an established market nor set by an independent third party appraiser? No
Did the plan receive any noncash contributions whose value was neither readily determinable on an established market nor set by an independent third party appraiser? No
Did the plan have assets held for investment? Yes
Were any plan transactions or series of transactions in excess of 5% of the current value of plan assets? No
Were all the plan assets either distributed to participants or beneficiaries, transferred to another plan, or brought under the control of the PBGC? No
Has the plan failed to provide any benefit when due under the plan? No
If this is an individual account plan, was there a blackout period? No
If there was a blackout period, have you either provided the required notice or one of the exceptions to providing the notice applied under 29 CFR 2520.101-3? No

Financials

Income and Expense Statement

Income $2,139,463
Contributions $702,819
Cash Contributions $702,819
Cash from Employers $98,057
Cash from Participants $589,459
Others (including rollovers) $15,303
Noncash Contributions $0
Total Earnings on Investments $1,436,644
Total Interest $5,658
Interest-Bearing Cash $0
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $5,658
Interest from Other Investments $0
Total Dividends $0
Preferred Stock $0
Common Stock $0
Rents $0
Net gain (loss) on sale of assets $0
Aggregate Proceeds $0
Aggregate Carrying Amount $0
Total Unrealized Appreciation (depreciation) of assets $0
Real Estate $0
Other $0
Net investment gain (loss) from common/collective trusts $0
Net investment gain (loss) from pooled separate accounts $1,387,983
Net investment gain (loss) from master trust investment accounts $0
Net investment gain (loss) from 103-12 investment entities $43,003
Net investment gain (loss) from registered investment companies $0
Other Income $0
Expenses $477,096
Total Benefit Payments $476,090
Directly to participants or beneficiaries, including direct rollovers $476,090
To insurance carriers for the provision of benefits $0
Other Benefit Payment Fees $0
Corrective Distributions $0
Certain deemed distributions of participant loans $0
Interest expense $0
Total Administrative Expenses $1,006
Professional Fees $0
Contract Administrator Fees $294
Investment Advisory and management fees $137
Other Administrative Fees $575
Net Income $1,662,367
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $0

Asset and Liability Statement

12/31/2009 12/31/2008 Change YOY
Total Assets $6,941,799 $5,279,432 31.49%
Total noninterest-bearing cash $0 $0 0.0%
Receivables $98,057 $21,289 360.60%
Employer Contributions $98,057 $21,289 360.60%
Participant Contributions $0 $0 0.0%
Other Contributions $0 $0 0.0%
General Investments $0 $0 0.0%
Interest-bearing cash $0 $0 0.0%
U.S. Government Securities $0 $0 0.0%
Corporate Debt Instruments $0 $0 0.0%
Preferred $0 $0 0.0%
All Other $0 $0 0.0%
Corporate Stocks $0 $0 0.0%
Preferred $0 $0 0.0%
Common $0 $0 0.0%
Partnership/joint venture interests $0 $0 0.0%
Real estate (other than employer real property) $0 $0 0.0%
Loans (other than to participants) $0 $0 0.0%
Participants Loans $100,290 $121,200 -17.25%
Value of interest in common/collective trusts $0 $0 0.0%
Value of interest in pooled separate accounts $6,578,777 $5,099,009 29.02%
Value of interest in master trust investment accounts $0 $0 0.0%
Value of interest in 103-12 investment entities $0 $0 0.0%
Value of interest in registered investment companies $164,675 $37,934 334.11%
Value of funds held in insurance co. general account $0 $0 0.0%
Other Investments $0 $0 0.0%
Employer-related Investments $0 $0 0.0%
Employer Securities $0 $0 0.0%
Employer Real Property $0 $0 0.0%
Buildings and other property used in plan operation $0 $0 0.0%
Total Liabilities $0 $0 0.0%
Benefit Claims Payable (1) $0 $0 0.0%
Operating Payables (1) $0 $0 0.0%
Acquisition Indebtedness (1) $0 $0 0.0%
Other liabilities (1) $0 $0 0.0%
Net Assets $6,941,799 $5,279,432 31.49%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

There is no information on eligible indirect compensation for this plan.

Other Service Providers Receiving Direct or Indirect Compensation

There are no service providers listed for this plan.

Indirect Compensation

There are no service providers with indirect compensation listed for this plan.

Service Providers Who Fail or Refuse to Provide Information

There are no service providers who failed or refused to provide information.

Termination Information on Accountants and Enrolled Actuaries

There is no termination information for this plan.

Investments

Investments

Name of Investment Investment Manager Type of Investment Dollar Value
Lifestyle Balanced John Hancock DFE: Pooled Separate Account $2,164,799
Lifestyle Growth John Hancock DFE: Pooled Separate Account $1,417,141
John Hancock Stable Val John Hancock DFE: Pooled Separate Account $639,415
Lifestyle Aggressive John Hancock DFE: Pooled Separate Account $317,462
Lifestyle Moderate John Hancock DFE: Pooled Separate Account $307,572
Total Bond Market Fund John Hancock DFE: Pooled Separate Account $162,452
Lifestyle Conservative John Hancock DFE: Pooled Separate Account $143,247
American Funds Growth Fund John Hancock DFE: Pooled Separate Account $130,420
Total Return Fund John Hancock DFE: Pooled Separate Account $108,991
Active Bond Fund John Hancock DFE: Pooled Separate Account $104,712
Blue Chip Growth Fund John Hancock DFE: Pooled Separate Account $86,784
Energy John Hancock DFE: Pooled Separate Account $77,397
Mid Value Fund John Hancock DFE: Pooled Separate Account $62,481
American Funds Europacific John Hancock DFE: Pooled Separate Account $46,377
Davis New York Venture John Hancock DFE: Pooled Separate Account $45,081
Intl Equity Index Fun John Hancock DFE: Pooled Separate Account $35,883
Pimco Total Return John Hancock DFE: Pooled Separate Account $33,770
Lifecycle 2015 John Hancock DFE: Pooled Separate Account $32,731
Mutual Beacon John Hancock DFE: Pooled Separate Account $31,716
Small Cap Opportunities Fund John Hancock DFE: Pooled Separate Account $29,551
Small Cap Growth Fund John Hancock DFE: Pooled Separate Account $27,874
International Value Fund John Hancock DFE: Pooled Separate Account $27,852
Investment Quality Bond John Hancock DFE: Pooled Separate Account $26,766
Oppenheimer Global John Hancock DFE: Pooled Separate Account $26,323
Templeton World John Hancock DFE: Pooled Separate Account $25,840
Mid Cap Stock Fund John Hancock DFE: Pooled Separate Account $25,786
Utilities Fund John Hancock DFE: Pooled Separate Account $24,926
Intl Small Cap Fund John Hancock DFE: Pooled Separate Account $24,552
International Opps Fund John Hancock DFE: Pooled Separate Account $22,971
Pimco Real Return John Hancock DFE: Pooled Separate Account $21,396
Pimco Global Bond John Hancock DFE: Pooled Separate Account $20,119
American Funds Balanced Fund John Hancock DFE: Pooled Separate Account $19,504
American Century Vista John Hancock DFE: Pooled Separate Account $18,514
Davis Financial John Hancock DFE: Pooled Separate Account $17,943
Royce Opportunity John Hancock DFE: Pooled Separate Account $17,802
Total Stock Market Index Fund John Hancock DFE: Pooled Separate Account $16,453
High Yield John Hancock DFE: Pooled Separate Account $16,053
Real Return Bond Fund John Hancock DFE: Pooled Separate Account $15,256
Natural Resources Fund John Hancock DFE: Pooled Separate Account $14,496
T. Rowe Price Equity Income John Hancock DFE: Pooled Separate Account $13,181
Large Cap John Hancock DFE: Pooled Separate Account $13,102
Pacific Rim Fund John Hancock DFE: Pooled Separate Account $12,279
Global Bond Fund John Hancock DFE: Pooled Separate Account $11,389
Small Cap Value Fund John Hancock DFE: Pooled Separate Account $11,295
Real Estate Securities Fund John Hancock DFE: Pooled Separate Account $9,575
International Core Fund John Hancock DFE: Pooled Separate Account $9,394
American Funds U.S. Government John Hancock DFE: Pooled Separate Account $9,282
Strategic Income Fund John Hancock DFE: Pooled Separate Account $8,885
Small Growth John Hancock DFE: Pooled Separate Account $8,523
American Funds Ica John Hancock DFE: Pooled Separate Account $7,695
Mfs Utilities John Hancock DFE: Pooled Separate Account $7,502
Jennison 20/20 Focus John Hancock DFE: Pooled Separate Account $7,331
All Cap Growth Fund John Hancock DFE: Pooled Separate Account $7,131
Victory Diversified Stock John Hancock DFE: Pooled Separate Account $6,519
Lm Partners Global High Yield John Hancock DFE: Pooled Separate Account $5,868
Legg Partners Agg Growth John Hancock DFE: Pooled Separate Account $5,761
Mutual Discovery John Hancock DFE: Pooled Separate Account $4,790
Ranier Growth John Hancock DFE: Pooled Separate Account $4,723
T. Rowe Price Health Science John Hancock DFE: Pooled Separate Account $4,646
Brandywine Blue Fund John Hancock DFE: Pooled Separate Account $3,187
Rurner Core Growth John Hancock DFE: Pooled Separate Account $2,344
Oppenheimer Developing Markets John Hancock DFE: Pooled Separate Account $2,304
International Growth John Hancock DFE: Pooled Separate Account $2,288
Excelsior Value & Restruct John Hancock DFE: Pooled Separate Account $2,159
All Cap Value Fund John Hancock DFE: Pooled Separate Account $2,151
500 Index Fund John Hancock DFE: Pooled Separate Account $2,128
Pimco All Asset John Hancock DFE: Pooled Separate Account $1,508
Growth Index John Hancock DFE: Pooled Separate Account $950
John Hancock Strategic Inc. John Hancock DFE: Pooled Separate Account $751
Riversource Equal Value John Hancock DFE: Pooled Separate Account $452
Riversource Mid Cap Value John Hancock DFE: Pooled Separate Account $439
Dfa International Value John Hancock DFE: Pooled Separate Account $224
T. Rowe Price Spectrum Inc. John Hancock DFE: Pooled Separate Account $213
Blackrock Large Cap Value John Hancock DFE: Pooled Separate Account $162
Capital Appreciation John Hancock DFE: Pooled Separate Account $149
American Funds Washington Mutual John Hancock DFE: Pooled Separate Account $84
Small Cap Index Fund John Hancock DFE: Pooled Separate Account $0
Oppenheimer International Bond John Hancock DFE: Pooled Separate Account $0
Lifecycle 2045 John Hancock DFE: Pooled Separate Account $0
Health Sciences Fund John Hancock DFE: Pooled Separate Account $0
Legg Mason Value John Hancock DFE: Pooled Separate Account $0
Optimized All Cap Fund John Hancock DFE: Pooled Separate Account $0
U.S. Large Cap Fund John Hancock DFE: Pooled Separate Account $0
Legg Mason Growth John Hancock DFE: Pooled Separate Account $0
Allianz Rcm Tech Fund John Hancock DFE: Pooled Separate Account $0
T. Rowe Price Real Estate John Hancock DFE: Pooled Separate Account $0
Dws Rreef Real Estate John Hancock DFE: Pooled Separate Account $0
U.S. High Yield Bond Fund John Hancock DFE: Pooled Separate Account $0
Ubs U.S. Large Cap Equity John Hancock DFE: Pooled Separate Account $0
T. Rowe Price Blue Chip John Hancock DFE: Pooled Separate Account $0
T. Rowe Price Sci & Tech John Hancock DFE: Pooled Separate Account $0
Fundamental Value Fund John Hancock DFE: Pooled Separate Account $0
Mid Cap Value Fund John Hancock DFE: Pooled Separate Account $0
Large Cap Value Fund John Hancock DFE: Pooled Separate Account $0
Mid Cap Index Fund John Hancock DFE: Pooled Separate Account $0
Classic Value Fund John Hancock DFE: Pooled Separate Account $0
Columbia Marsico Intl Opps John Hancock DFE: Pooled Separate Account $0
Total $6,578,772

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
John Hancock USA 150
EIN 01-0233346
Industry Code 65838
Contract Number 27214
Contract Year 01/01/2009 — 12/31/2009
Value in General Account at Year End $0
Value in Separate Accounts at Year End $6,578,777
Insurance Fees and Commissions $20,143
Persons Receiving Commissions and Fees
Agent/Broker Organization Code Commissions Paid Fees Paid Purpose of Fees Paid
Securian Financial Services, Inc. 7284 W. Palmetto Park, Suite 106S Boca Raton, FL 33433 Insurance Agent or Broker $16,638 $0
Ejreynolds, Inc. 9050 Pines Blvd., Suite 110 Pembroke Pines, FL 33024 Other $0 $2,729 CONTRACT MANAGEMENT ASSISTANCE
Ejreynolds, Inc. 9050 Pines Blvd., Suite 110 Pembroke Pines, FL 33024 Third Party Administrator $0 $640 TPA FEES
Vanguard Group, Inc. P.O. Box 2600 Valley Forge, PA 19482 -2600 Investment Company/Mutual Fund $0 $96 REDEMPTION FEE
Pacific Investment Management Co. 840 Newport Center Drive, Suite 100 Newport Beach, CA 92660 Investment Company/Mutual Fund $0 $40 REDEMPTION FEE
Allocated Funds
Type of Contract GROUP ANNUITY
Basis of premium rates
Premiums paid to carrier $0
Premiums due but unpaid at the end of the year $0
If the carrier, service, or other organization incurred any specific costs in connection with the acquisition or retention of the contract or policy, enter amount $0
Specify the nature of the costs Group Annuity
Unallocated Funds
Type of Contract Unspecified
Balance at the end of the previous year $0
Additions $0
Contributions Deposited during the year $0
Dividends and credits $0
Interest credited during the year $0
Transferred from separate account $0
Other $0
Total of Balance and Additions $0
Deductions $0
Disbursed from fund to pay benefits or purchase annuities during the year $0
Administration charge made by carrier $0
Transferred to Separate Account $0
Other $0
Balance at the end of the current year $0